Tuftonboro, New Hampshire Property Taxes
The median property tax rate in Tuftonboro, NH is 0.64%, which is significantly lower than both the national median of 0.99% and New Hampshire's state median of 1.91%. With a median home value of $497,850 in Tuftonboro, the typical annual property tax bill amounts to $3,368, surpassing the national median of $2,690. Property taxes in Tuftonboro are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Tuftonboro's property tax system, exploring available exemptions, and identifying opportunities for reductions can yield substantial annual savings. Whether you're situated in the heart of Tuftonboro or another part of Carroll County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tuftonboro, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$3,186
Ownwell’s Tuftonboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tuftonboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tuftonboro to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Carroll County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Tuftonboro, New Hampshire
Property taxes in Tuftonboro, New Hampshire, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Tuftonboro is 0.64%, lower than the U.S. national median of 0.99%. Local government entities within Tuftonboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tuftonboro estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Tuftonboro's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the highest and lowest median property tax rates in Carroll County both stand at 0.64%, reflecting a uniformity in tax rates across the region. Understanding how these cities compare with Tuftonboro provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tuftonboro Tax Rate
0.64%
Average Carroll County Tax Rate
1.32%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tuftonboro, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03816 | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Tuftonboro, New Hampshire
In Tuftonboro, New Hampshire, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Carroll County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Tuftonboro, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest and lowest median tax bills in Tuftonboro are both $3,368 in the 03816 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Tuftonboro, New Hampshire
Source: Ownwell
$127,800
$357,900
$588,000
Average Tuftonboro Assessed Value
$497,850
Average Carroll County Assessed Value
$256,900
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tuftonboro, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03816 | $138,249 | $327,100 | $497,850 | $846,675 | $1,228,055 |
Source: Ownwell
Property Tax Bills Across Tuftonboro, New Hampshire
In Tuftonboro, located in Carroll County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the town's assessor, who evaluates the property's market value. Homeowners in Tuftonboro face a median property tax bill of $3,368, which is higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and market conditions. For example, a home valued at the median price of $497,850 would result in a tax bill ranging from $2,335 at the 25th percentile to $7,955 at the 90th percentile. These property taxes fund essential local services such as schools, public safety, and infrastructure. As a result, homeowners in Tuftonboro must budget for these annual expenses, which can significantly impact their overall financial planning. Understanding how these taxes are calculated helps homeowners anticipate their obligations and manage their finances effectively.
Average Tuftonboro Tax Bill
$3,368
Average Carroll County Tax Bill
$3,014
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Tuftonboro, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03816 | $1,047 | $2,335 | $3,368 | $5,509 | $7,955 |
Source: Ownwell